Lincoln Road Global Management, a private equity firm focused on lower middle-market companies, has acquired Zodega, a full-service landscaping, and lawn care services company. Financial terms of the transaction were not disclosed.
Headquartered in Houston, Zodega serves commercial customers, providing a full suite of landscaping services and exemplary customer service. Services Zodega provides include overall landscape maintenance, lawn care, irrigation system management, and ancillary services with locations in Houston and Dallas. Zodega’s customer base includes property management companies, industrial complexes, office buildings, and apartment complexes.
“We are excited to partner with Zodega’s talented management team and provide it with the capital and resources to support its strong trajectory, while continuing to identify growth opportunities that bolster its ability to better serve customers throughout Texas,” says Jeff Magny, founder and managing partner of Lincoln Road. “This transaction is another example of Lincoln Road’s ability to identify an attractive investment opportunity involving a business that provides local and regional communities with essential services that support overall quality of life and well-being.”
Zodega has acquired and integrated nine landscaping businesses in the last six years.
“We are thrilled to be partnering with Lincoln Road, a firm known for its collaborative approach in supporting entrepreneurs, founders, family owners, and management teams who are interested in growing their businesses to that next level,” says Robert Dihu, co-president and partner of Zodega. “With the support of Lincoln Road, we believe that Zodega is well positioned to pursue this next stage of growth.”
“Clear communication and a well-defined strategic plan were important to us while finding the right group to partner with and Lincoln Road exceeded expectations in both,” says Larry Litton, co-president and partner of Zodega. “We are extremely excited about all Lincoln Road brings to the table and believe we have found the ideal partner to fuel Zodega’s growth plan.”